March 28, 2017 10:02 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of United Photovoltaics Group Limited

Company Overview

United Photovoltaics Group Limited, an investment holding company, engages in the development, investment, operation, and management of solar power plants. As of 31 December 2015, the company owned 25 solar power plants with an aggregate installed capacity around 1GW across Shanxi, Hubei, Inner Mongolia, Qinghai, Gansu, Xinjiang, Jiangsu, Yunnan, and Guangdong. It is also involved in the possession of rights in developing rooftop solar plants; design and installation of solar power systems; and research and development of solar power products and solar technology. The company is headquartered in Central, Hong Kong.

Unit 1012, 10 Floor

West Tower

Shun Tak Centre

168–200 Connaught Road

Central,  

Hong Kong

296 Employees

Phone:

852 3112 8461

Fax:

852 3112 8410

Key Executives for United Photovoltaics Group Limited

Chairman of the Board and Chief Executive Officer
Age: 48
Total Annual Compensation: CNY1.9M
Executive President, Company Secretary and Executive Director
Age: 37
Total Annual Compensation: CNY332.0K
Chief Financial Officer and Executive Director
Age: 43
Total Annual Compensation: CNY332.0K
Executive Director
Age: 45
Compensation as of Fiscal Year 2015.

United Photovoltaics Group Limited Key Developments

United Photovoltaics Group Limited Announces Management Appointments

The Board of United Photovoltaics Group Limited announced that a strategy committee has been established with effect from March 20, 2017. Mr. Zou Yiqiao, Mr. Li Alan, and Mr. Lam Tsz Cheung (alias Anthony Lam) have been appointed as members of the Strategy Committee and Mr. Zou has been appointed as chairman of the Strategy Committee, all with effect from March 20, 2017. Mr. Zou Yiqiao had been working in the government department of energy for many years with extensive experiences in energy sector and is familiar with the domestic and international energy development situation and trend. Mr. Zou formerly served as the director general of the Department of International Cooperation of National Energy Administration of China and was mainly responsible for the organization and promotion of international exchange and cooperation in fields of energy, and negotiation and execution of cooperation agreements with foreign counterparts and international energy associations. Mr. Li Alan was appointed as an executive Director on 10 June 2013. Mr. Li is also the Chairman of the Board, the chief executive officer of the company, a member of each of the Nomination Committee and the Risk Control Committee of the Company. Mr. Li is primarily responsible for formulating company's business strategy, overseeing acquisitions and development of solar power projects, and day to day operations. Mr. Lam Tsz Cheung, Anthony has 20 years of experience in private equity and environmental investments and is currently a managing director of Asia Climate Partners Hong Kong Limited, an affiliate of ACP. Prior to joining ACPHK, he was the managing director, co-head Asia Pacific of TRG Management, which is a subsidiary of The Rohatyn Group. The Board announced that Mr. Li Hao has been appointed as a non-executive Director and Mr. Jiang Wei has been appointed as an executive Director, both with effect from March 20, 2017. Mr. Li Hao, aged 34, is currently the general manager of China Business Division, East Asia Business Headquarters at ORIX Corporation. Mr. Li has been with ORIX Corporation since October 2007. He is also the director and president of ORIX, a wholly-owned subsidiary of ORIX Corporation, since April 2013. Mr. Jiang Wei, aged 35, was appointed as the chief legal officer of the Company on January 17, 2014 and re-designated as the chief operating officer on October 13, 2016, and he is also the chairman of project acquisition and development committee of the company. Meanwhile, Mr. Jiang also acts as the legal representative and chairman of the board of United Photovoltaics (Shenzhen) Limited, an indirectly wholly-owned subsidiary of the company, as well as acting as a director of a number of other subsidiaries of the Company. Mr. Jiang is primarily responsible for project acquisition and development, asset restructuring, and operation management in various subsidiaries of the Company.

United Photovoltaics Group Limited, Special/Extraordinary Shareholders Meeting, Mar 21, 2017

United Photovoltaics Group Limited, Special/Extraordinary Shareholders Meeting, Mar 21, 2017, at 15:00 China Standard Time. Location: Unit 1407, 14/F., West Tower, Shun Tak Centre 168-200 Connaught Road Central Hong Kong Agenda: To consider the entering into of the amendment deed, a copy of which is produced to the meeting marked " A " and initialled by the chairman of the meeting for the purpose of identification, be and is hereby approved, confirmed and ratified, and all the transactions contemplated thereunder, including the proposed amendments, be and are hereby approved, confirmed and ratified; to approve the proposed amendments and the listing committee of the stock exchange granting approval for the listing of, and permission to deal in, the conversion shares; and to transact such other business issues.

United Photovoltaics Group Limited Reports Electricity Generation Results for the Fourth Quarter and Twelve Months Ended December 31, 2016

United Photovoltaics Group Limited reported electricity generation results for the fourth quarter and twelve months ended December 31, 2016. For the quarter, the company reported total approximate electricity generation volume of 342,784 MWh compared to 254,954 MWh for the last year. For the twelve months, the company reported total approximate electricity generation volume of 1,341,993 MWh.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 19, 2016
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